🗞️ Vedanta’s New Stock Has Already Doubled
Vedanta Iron & Steel has surged 113% in just 13 trading sessions since its listing, more than doubling its market capitalisation.
The sharp rally reflects strong investor enthusiasm for Vedanta’s demerged businesses and highlights the market’s appetite for focused, sector-specific companies.
💬 Expert Take — “Demerger stories can unlock value, but sharp post-listing rallies also raise valuation expectations. Investors should balance momentum with fundamentals.”
🗞️ Carlsberg Eyes ₹6,600 Crore India IPO
Global brewer Carlsberg has reportedly confidentially filed for an Indian IPO to raise up to ₹6,600 crore.
The proposed listing signals continued confidence from global consumer brands in India’s capital markets and long-term consumption story.
💬 Expert Take — “India remains one of the most attractive listing destinations for multinational consumer companies, thanks to its deep investor base and consumption-driven growth.”
🗞️ Government May Sell More Stakes in PSUs
The government is reportedly accelerating stake sales in LIC and seven other PSUs to offset the fiscal impact of higher oil prices.
The move could improve public finances while increasing free float and liquidity in several listed public-sector companies.
🗞️ Adani to Build $11.5 Billion Aluminium Plant
Adani Group and IHC have signed an agreement to develop an $11.5 billion aluminium project in Odisha.
The investment is expected to strengthen India’s metals manufacturing capacity and generate significant industrial employment.
🗞️ UPI Crosses 22 Billion Transactions
India’s UPI ecosystem processed over 22 billion transactions in June, marking 23% year-on-year growth.
The milestone reinforces UPI’s position as the world’s largest real-time digital payments platform and highlights continued momentum in India’s digital economy.
🗞️ GST Collections Stay Strong
India’s GST collections rose 13.9% in June to US$20.68 billion, reflecting sustained economic activity and improving tax compliance.
Healthy tax collections continue to support the government’s fiscal position and infrastructure spending plans.
🗞️ Mankind Pharma Enters AI Drug Discovery
Mankind Pharma has partnered with Denovo Sciences to accelerate AI-powered drug discovery.
The collaboration reflects the growing adoption of artificial intelligence across India’s pharmaceutical research ecosystem.
🗞️ Bank of Baroda Settles NMC Litigation
Bank of Baroda shares fell after the bank agreed to a ₹5,700 crore settlement in the long-running NMC Health litigation.
The settlement removes a major legal overhang, although investors reacted to the immediate financial impact.
📊 Market Update
📈 Sensex: 77,502.12 ▲ 579.48 (+0.75%)
📈 Nifty 50: 24,175.70 ▲ 169.85 (+0.71%)
🪙 Gold (per gram)
24K: ₹14,378 ▲ ₹300
22K: ₹13,180 ▲ ₹275
18K: ₹10,784 ▲ ₹225
🥈 Silver: ₹2,45,000/kg ▲ ₹5,000